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HFP delisted by Unlisted

Friday 29 January 2005.

HFP delisted by Unlisted

Hedge Fund Patrol Limited announces that it has received notification today that the agreement between HFP and Unlisted for the quotation of 'hfp ORD' shares has been cancelled.

Unlisted advised that "...the decision was based on HFP's public acknowledgement that it does not have a prospectus as required to enable its securities to be traded, and Unlisted is therefore unable to form a view as to the status of HFP securities."

Unlisted gave no undertaking as to whether it will in future enter into any agreement with HFP to enable HFP securities to be quoted on Unlisted.

About HFP: Hedge Fund Patrol Limited is a start-up company incorporated in New Zealand in October 2004. It is researching the feasibility of launching a global brand in the retail hedge fund industry through investment in a fund-of-hedge-funds 'FOHF'.

Assets under management in the global hedge fund industry are estimated at US$934bn at Dec 2004 and are forecast to grow to US$4trillion by 2010 [source:www.hennessegroup.com]. HFP intends to make its first FOHF offering to Australian investors through the issue of HFP redeemable preference shares in mid 2005.

ENDS

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